Deutsche Bank And Commerzbank Resume Trading After Hiring Feud

PEOPLE NEWS

FRANKFURT--Deutsche Bank and Commerzbank have resumed over the counter trading with one another following a brief feud over a poached team.

Deutsche Bank cut many Commerzbank counterparty lines for two days at the end of March after Commerzbank hired a team of 15 traders from Deutsche.

"Deutsche pulled all counterparty lines for FX and forwards," says Alfred Schorno, global head of FX at Commerzbank in Frankfurt. "This is totally childish behaviour. They were never shy in taking away whole te